Corporate News - Copperbelt Katanga Mining

Glencore Backs $1.4 Billion Bid for Stake in Eurasian Resources Group

March 7, 2026March 7, 2026 Constance

Glencore Proposes Financing Deal to Support $1.4 Billion Bid for Eurasian Resources Group Stake Mining giant Glencore is considering supporting a $1.4 billion bid by Kazakh entrepreneur Shakhmurat Mutalip to acquire a 40% stake in Eurasian Resources Group (ERG), according to reports citing people familiar with the discussions. Under the proposal, Glencore would provide an upfront pre-payment of about $800 million in exchange for future shipments of ferrochrome, a key raw material used in steel production. The arrangement would help finance Mutalip’s bid while securing long-term supply of the alloying… Read More Here

Mining in Zambia Copper Corporate News Press Release

Zambia to Host 2026 International Mine Rescue Competition

March 7, 2026March 7, 2026 Constance

Solwezi, Zambia – Kansanshi Mining PLC and Mopani Copper Mines will co-host the 2026 International Mine Rescue Competition (IMRC), a prestigious global safety event expected to gather mine rescue teams from over ten countries worldwide. Among the countries are Australia, Colombia, the USA, China, Ivory Coast, among others. This will be the first time the international competition is held on the African continent, establishing Zambia as a global hub for mine safety and emergency preparedness. The competition, anchored by the Zambia Chamber of Mines and its members, will take place… Read More Here

Mining in Zambia Corporate News

French Delegation Explores Investment Opportunities at Kalumbila Multi-Facility Economic Zone

March 5, 2026March 5, 2026 Constance

French Embassy Delegation Visits Kalumbila MFEZ to Explore Investment Opportunities in Zambia’s Mining Supply Chain A high-level delegation from the Embassy of France in Zambia visited the Kalumbila Multi-Facility Economic Zone to explore investment opportunities, highlighting growing international interest in Zambia’s expanding mining and industrial supply chain. The visit was hosted by First Quantum Minerals through its Trident Project, reinforcing the mining company’s commitment to supporting sustainable economic growth in Zambia’s North-Western Province. Spanning more than 5,000 hectares, the Kalumbila Multi-Facility Economic Zone (MFEZ) has been developed as a regional… Read More Here

International Corporate News New Mining Projects

Rio Tinto Lifts Suspension on RBM’s Zulti South Project, Secures Mine Life to 2050

March 4, 2026March 4, 2026 Constance

Rio Tinto Approves R8.5 Billion Zulti South Project to Extend Richards Bay Minerals Mine Life to 2050 Rio Tinto has approved the development of Richards Bay Minerals’ (RBM) Zulti South project, formally lifting the suspension that has been in place since January 2020. The approximately R8.5 billion (US$473 million) investment is designed to extend the operation’s mine life to 2050 and ensure long-term production stability. Richards Bay Minerals currently operates within the Zulti North lease area, which includes a mineral separation plant and smelting facility. As the orebody at Zulti… Read More Here

International Copper Corporate News

Botswana Advances Copper Beneficiation with Planned Khoemacau Refinery Study

February 28, 2026February 28, 2026 Constance

Botswana to Launch Feasibility Study for Copper Refinery Anchored on MMG Khoemacau Expansion Botswana is taking a significant step toward expanding its mineral beneficiation strategy, with Minister of Minerals and Energy Bogolo Kenewendo announcing that MMG Khoemacau, in partnership with key stakeholders and aligned with government policy, will undertake a feasibility study for the potential establishment of a copper refinery in the country. Speaking in Parliament, Kenewendo outlined progress made in copper beneficiation to date and identified downstream processing as the next strategic priority. The proposed refinery or smelter would… Read More Here

Mining in Zambia Copper Corporate News

KCM Charts a New Era of Investment, Modernisation and Growth

February 28, 2026February 28, 2026 Constance

Konkola Copper Mines Invests $600 Million, Creates 2,000 Jobs and Expands Underground Operations to Support Zambia’s Copper Ambitions Konkola Copper Mines (KCM) is entering a decisive new chapter focused on rebuilding, modernising and expanding its operations, as the company accelerates its turnaround strategy following the return of Vedanta Resources. Management has emphasised that KCM is not merely restarting production it is repositioning the business for long-term, sustainable growth anchored in underground development and operational excellence. Since Vedanta’s return, approximately USD 600 million has been invested into the business. The capital… Read More Here

International Cobalt Corporate News

Glencore Secures $115 Million Cobalt Supply for U.S. Stockpile Amid Global Shortages

February 28, 2026February 28, 2026 Constance

Glencore to Supply 2,000 Tons of Cobalt to U.S. National Stockpile as Prices Surge 160% Glencore has reached an agreement to purchase nearly 2,000 metric tons of cobalt valued at approximately $115 million at current market prices from industry veteran Rami Weisfisch, according to sources familiar with the deal. The cobalt, essential for defense and military applications, is expected to be shipped to the United States for inclusion in its planned strategic stockpile. Strategic Context: Reducing Dependence on China The U.S. government under President Donald Trump has been actively pursuing… Read More Here

Mining in Zambia Copper Corporate News Economy

FQM and ZICA Partner to Strengthen Accountant Training and Professional Standards in Zambia

February 28, 2026February 28, 2026 Constance

First Quantum Minerals Signs MOUs with ZICA to Boost CA Zambia Training and CPD Access in North-Western Province First Quantum Minerals Ltd and the Zambia Institute of Chartered Accountants (ZICA) have signed two Memoranda of Understanding (MOUs) designed to enhance professional training, accreditation pathways, and continuous skills development for accountants in Zambia, with particular emphasis on the North-Western Province. The agreements were formalized at ZICA’s offices in Lusaka and are structured around two strategic pillars: Practical Training Accreditation and Enhanced Skills Development. Expanding Access to Structured Practical Training The first… Read More Here

Mining in DRC Copper Corporate News

Kamoa Copper and the Global Race for Supply: Can the DRC Turn Strategic Advantage into Sustainable Development?

February 28, 2026February 28, 2026 Constance

Mining Indaba 2026: Robert Friedland Warns of Global Copper Shortage as DRC’s Kamoa-Kakula Emerges as Strategic Linchpin At the 2026 edition of Mining Indaba in Cape Town, Canadian mining entrepreneur Robert Friedland delivered a stark assessment: the world is heading toward a structural copper deficit and “the answer is Africa.” As Founder and Co-Chairman of Ivanhoe Mines, Friedland is not a distant commentator. He is a central actor in one of the most significant copper developments of the decade: the Kamoa-Kakula complex in the Democratic Republic of the Congo (DRC).… Read More Here

International Copper Corporate News

Panama Eyes Cobre Panama Restart to Accelerate Economic Growth

February 27, 2026February 27, 2026 Constance

Panama Targets 6% GDP Growth by 2027 if Cobre Panama Mine Reopens, Business Group Says Panama’s economy expanded by 4% in 2025, but business leaders argue that reopening the Cobre Panama copper mine will be critical to lifting growth to as much as 6% by 2027. The mine is operated by First Quantum Minerals and has been at the centre of economic and political debate since its suspension. Growth Driven by Services, Manufacturing Lags The Sindicato de Industriales de Panama (SIP), one of the country’s leading business groups, reported that… Read More Here